Bloomberg expands Australian EFP trading platform

Binaya Dahal

Journalist

21 May 2026

Bloomberg has expanded its electronic trading offering in Australia with an enhanced Exchange-for-Physical (EFP) workflow that enables contingent package trading of Australian bonds against benchmark Australian bond futures.

The upgrade, delivered through Bloomberg Electronic Markets, facilitate traders to execute both legs of a trade as a single package. It also enables automated processing of EFP trades by integrating order management systems for request-for-quote and request-for-market workflows.

The global leader of financial information said the first such transaction took place on Tuesday, with superannuation fund HESTA participating in the trade using the system and ANZ acting as the market maker.

Bloomberg’s global head of electronic markets Nicholas Bean said the upgrade reflected sustained investment in trading infrastructure for clients across the Asia-Pacific region.

“Australia is playing an increasingly important role in global capital markets, underpinned by a highly sophisticated and engaged participant base,” Bean said

“Clients are looking for a trusted and strategic technology partner, and we work closely with them as we develop innovative solutions that enhance liquidity access and deliver sophisticated trading workflows both locally and globally.”

Furthermore, HESTA chief investment officer Sonya Sawtell-Rickson said the expansion represents a significant step forward for Australia’s fixed income market construction.

“We’re pleased to see support for a protocol that helps reduce transaction costs and execution risk for market participants. This ultimately supports our focus on carefully managing our members’ retirement savings.”

Likewise, ANZ deputy head of markets and head of rates and credit for Australia Glenn Blackley said EFP trades play a key role in Australian fixed income markets and serve as an important tool for managing risk.

“ANZ is pleased to be involved in this inaugural trade, demonstrating our strong support for and investment in new digital ways of trading fixed‑income products,” Blackley said.

The move comes weeks after Bloomberg launched 36 Australian domestic equity indices aimed at providing investable exposure to local equities for benchmarking, asset allocation and product development.